NPMA Property Management CPPS Exam 2024/2025

NPMA Property Management CPPS Exam 2024/2025 Property Management - answer-The exercise of a restraining or governing influence over the acquisition , use , and disposition of personal property Property control function names - answer-Property control, Asset Management, fixed-asset accounting, inventory control, material PMO - answer-Property Management Office PMO responsibilities - answer-establishing, guiding, managing, and maintaining an efficient property system, communicating effectively with other departments and functions, and developing and presenting training in subjects relating to property. PMO responsibilities - answer-The establishment and maintenance of a property control system Property Control System - answer-comprised of Primary difference between accountability and responsibility - answer-A Who is accountable for the property - answer-To whom are you accountable for the property Transfer of Accountability - answerTransfers - answer-not always physical, require approval, approval record is part of historical file and audit trail